Page 3 - Lean Hog News Today

Analysis and recaps of state and national livestock markets.

Packers cannot harvest enough cattle to meet demand or supply Jeff Swenson Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports. The Choice beef cutout value broke the $300.00 level on Tuesday and was $306.37 Thursday afternoon. That’s $75.00 higher than this time ...

Wintry weather, China concerns support new highs in the hog market. By 2/3/2021 The cattle market continues to see a strong demand tone, with beef prices pushing to their highest level since early December. Talk of better export demand, the surge higher in pork prices, and the impact of restaurants reopening are all seen as supportive forces. With the heavy cattle weights, short-term supplies seem ample, but the continued advance in beef prices is a bullish force. Total s...